Sei Investments Co. Purchases 12,863 Shares of Jackson Financial Inc. $JXN

Sei Investments Co. grew its position in Jackson Financial Inc. (NYSE:JXN) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,839 shares of the company’s stock after acquiring an additional 12,863 shares during the quarter. Sei Investments Co.’s holdings in Jackson Financial were worth $26,730,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Jackson Financial by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 910,853 shares of the company’s stock worth $96,295,000 after purchasing an additional 24,747 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in Jackson Financial during the 4th quarter valued at about $1,678,000. Horizon Investments LLC bought a new stake in Jackson Financial during the 4th quarter valued at about $2,638,000. Walleye Capital LLC purchased a new stake in Jackson Financial in the 1st quarter valued at about $1,369,000. Finally, Candriam S.C.A. boosted its position in Jackson Financial by 31.5% in the 1st quarter. Candriam S.C.A. now owns 177,950 shares of the company’s stock valued at $18,813,000 after buying an additional 42,607 shares during the period. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Up 1.7%

Shares of NYSE JXN opened at $123.12 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $8.59 billion, a P/E ratio of -20.15 and a beta of 1.32. Jackson Financial Inc. has a 1-year low of $82.65 and a 1-year high of $126.69. The business has a fifty day moving average price of $110.82 and a 200 day moving average price of $110.89.

Jackson Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 11th. Jackson Financial’s dividend payout ratio is currently -58.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JXN shares. Barclays raised their target price on shares of Jackson Financial from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Keefe, Bruyette & Woods increased their price objective on Jackson Financial from $125.00 to $130.00 and gave the stock a “market perform” rating in a research note on Monday, July 13th. Weiss Ratings downgraded Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Jefferies Financial Group raised Jackson Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $120.00 to $140.00 in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jackson Financial presently has a consensus rating of “Moderate Buy” and an average target price of $126.40.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.